Despite being stuck in a relatively tight zone we have been rejected when attempting a longer term bullish trend. We're now sitting at tenken sen and getting rejected so far; a break down below price structure where I've placed my entry could lead to a nice bearish move, especially if we can break previous price structure lows. If you look to the left you'll see...
We can see that price is at a good support zone on the 4H chart and on the daily chart price has been consolidating, ranging or just moving sideward for weeks, all this makes this a good strong setup in our eyes for a bounce and bullish movement up to our green resistance zone. If this trade plays out you could bag yourself 150+ pips, not bad for a snack ;p But...
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
GBPJPY Intra - Bearish 145.5 / Swing - Bullish 148.5
Anticipating shift in trend upwards as price action demonstrates a strong momentum swing up. Additionally, MACD + Stochastic + RSI provide additional support for my hypothesis
This pair had a breakout last week before being rejected at previous price structure resistance. I am now looking to see if we can hold support at tenken sen or kijun sen for a chance enter a buy. We are maintaining mostly bullish confirmations right now including a recently completed bullish kumo twist. In order to look for a clean buy I really need to a see a...
watch 146.5 level break above that. next watch zone is 146.9.
Trade no.1004 Order Type: Pending Buy Stop Buy at 145.84 SL at 145.39 TP near 146.40 or 30 pips+ Order Type: Pending Sell Stop Sell at 145.05 SL at 145.50 TP near 144.45 or 30 pips+
Straight forward really, bearish movement down to our support area ( red zone ) then a bounce and bearish movement to our resistance area ( green zone ) I'm just going to keep this 1 simple as there are a few simple people about ;p if the cap fits wear it.
GBPJPY - Consolidated... Waiting for Bearish Push
Here we can see another strong support that has formed and has also been used as resistance before, price is nearly at this level now and we are expecting a bounce and a bullish run up to our resistance zone ( green box ) If we get this bullish run and price does turn at our resistance zone there is a possibility that a head and shoulders chart pattern will also...
Since to large stop run on new years eve, we have seen this pair move higher over the first quarter of 2019. With higher time frames showing bullish activity, a buy pivot was printed on Monday when price was in the buy zone of the previous buy pivot candle. With the MACD to confirm the direction, now is a good time to get long. I'm looking for a target of 184.240...
GBPJPY has been travelling in an descending channel, it had a little fake breakout , but price came back into the channel, retested the inside and has started travelling down. Price formed an ascending channel on its way up , however it has now broken out to the downside and has come back to retest it , giving us another indication that we should sell.
GBPJPY - Bearish - TP 144.1 SL 146.5
If we break that yellow box and retest 1h we go up, however we may have a third drive to that BUY ZONE ( if we see a lot of wick rejection 1h, 4h we may go upside), because we have 2 drive (Daily rejection from that pink zone) we can go potentially UP, and to be honest if we see Weekly daily close we didn't manage to close below that monthly supp (pink zone).
147.5 - TP 144.6 - SL Bullish H1 Candle on GJ For Entry ONLY if price Holds 144.6 Watch Video For Details.